Goldbug ping.
BTW, NWT mint is selling Silver Bullet bullion.
The price is down, I am considering a few.
http://silverbulletbullion.com/
BTTT
I'll buy. Cost averaging. You buy when it goes lower, to cost average what you bought at a higher price. Buy on the dips. When it turns around (eventually) and the price goes higher, you sell some at a price that is higher than your cost average figure. Those profits negate the higher priced gold you previously bought. Buy low, sell high. Others buying on emotion buy when the prices are skyrocketing and lose on the burst of a bubble. Right now, gold is going down, might even go below $1200. But it still makes sense to buy as it goes low, to cost average your assets.
Same thing will happen to ammo...Bet the rent.
Being an avid equities investor I’d have to agree. Especially wrt silver. I’d expect the slide to continue. And I expect the market to correct significantly, as well. Its what the charts suggest. You don’t get these massive sell-offs “out of the blue”. Something is up, we just don’t know what it is yet. Another shoe is likely to drop, based on my personal analysis.
I could be wrong. Most of my trading is on a macro level, eg. individual stocks. But if/when I see an invidual stock take a hit like the markets (and commodities) have, I would be selling it, not buying it, or waiting for a confirmed bottom (e.g. as base to form, and trendlines to confirm - currently we’ve breached most moving averages and the trendlines are not favorable).
Good luck.
Don’t buy (physical) gold, because the feds are probably confiscate it soon, and this time, they’re not going to just take your bullion and coins. Hope you didn’t buy that wedding band with a credit card, or you should have went with the ceramic crowns.
Pop!
Just want to say that people who like PMs have seen mining stocks behave awfully the last two years. With this big dip in gold&silver they just got really pounded down. A sad story for those who bought. Just go to google finance and in one chart compare
ABX
SLW
GDX
GDXJ
sandstorm gold
GLD
Don’t buy “paper” gold.
There, I fixed it.
Goebbels had a good idea on gold. They dig it up from Africa under ground and bury it down under ground someplace else.
It’s stupid.
Unless there’s an industrial need for it, there really is no ‘value’ to gold. It can be as valuable underground in the source mines as it is concentrated under NYC.